Alibaba Plans Big Spending

Alibaba.com Corp will invest 10 billion yuan ($1.3 billion) over the next 3-5 years to integrate all sectors linked to e-commerce.

Alibaba.com wants to have a complete industry chain to facilitate small companies' overseas sales.

Money will be invested to:

1. strengthen is online B2B trader matching

2. online payment

3. online auctions

4. improve e-commerce infrastructure

Founder and CEO Jack Ma wants to instigate reforms that the government "still hasn't any budget for" due to more important businesses to attend to.

Alibaba has/will:

1. worked with banks to develop Alipay. 

2. worked with China Post to penetrate underdeveloped e-commerce regions like rural areas

3.expand into Taiwan and Japan

Alibaba has six business segments:

1.  Alibaba.com for B2B,

2.  Taobao.com for online auction,

3.  Alipay,

4.  China Yahoo that it took over in 2005,

5.  Alisoft for business software

6.  Alimama.com, an online ad-trading platform that is still being tested.

If the government can't do it…then Jack Ma will do it himself.